Jhaveri Credits to acquire U R Energy (Solar), change name to U R Energy (India)
Jhaveri Credits & Capital Ltd's Board of Directors, at its meeting on September 19, 2026, approved the acquisition of 51% of the equity share capital of U R Energy (Solar) Private Limited. This acquisition will make U R Energy (Solar) a subsidiary of the company. Additionally, the Board approved changing the company's name from "Jhaveri Credits and Capital Limited" to "U R ENERGY (INDIA) LIMITED," subject to requisite approvals. Consequential alterations to the Memorandum and Articles of Association were also approved. The Board also approved altering the main object clause of the Memorandum of Association and appointed NSDL as the Remote E-Voting Agency and M/s Siddharth Sipani & Associates as Scrutinizer for the postal ballot to seek member approvals for these resolutions.
Key Highlights
- Board approved acquiring 51% of U R Energy (Solar) Private Limited.
- U R Energy (Solar) will become a subsidiary of the company.
- Company name to change to "U R ENERGY (INDIA) LIMITED".
- Main object clause of Memorandum of Association to be altered.
- Postal ballot initiated for member approvals of these changes.
Price Impact
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Jhaveri Credits to acquire UR Energy Solar, rename to UR Energy (India)
Jhaveri Credits to acquire 51% of U R Energy, change name & main object
Jhaveri Credits to acquire 51% of U R Energy (Solar), change name to U R Energy (India)